Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
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The Central Board of Indirect Taxes & Customs issued Notification No. 44/2025-Customs (N.T.) under Section 14(2) of the Customs Act, 1962, amending tariff values for specified commodities effective July 1, 2025. The notification substituted existing tables in the principal notification No. 36/2001-Customs (N.T.) with revised tariff values for edible oils including crude palm oil ($1006/MT), RBD palmolein ($1047/MT), crude soya bean oil ($1095/MT), brass scrap ($5563/MT), gold ($1054/10 grams), silver ($1164/kg), and areca nuts ($6970/MT unchanged). The amendment exercises statutory powers to fix tariff values for customs valuation purposes, ensuring standardized assessment of import duties on these commodities.
The Central Board of Indirect Taxes & Customs issued Notification No. 44/2025-Customs (N.T.) under Section 14(2) of the Customs Act, 1962, amending tariff values for specified commodities effective July 1, 2025. The notification substituted existing tables in the principal notification No. 36/2001-Customs (N.T.) with revised tariff values for edible oils including crude palm oil ($1006/MT), RBD palmolein ($1047/MT), crude soya bean oil ($1095/MT), brass scrap ($5563/MT), gold ($1054/10 grams), silver ($1164/kg), and areca nuts ($6970/MT unchanged). The amendment exercises statutory powers to fix tariff values for customs valuation purposes, ensuring standardized assessment of import duties on these commodities.
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